Grenada Citizenship by Investment: Requirements, Benefits, and More

Due to its relaxed lifestyle, low tax regime, and growing interest from foreign investors, Grenada has been gaining traction as a popular relocation option for high-net-worth expats dedicated to preserving their wealth and diversifying assets. 

To support this, the country has implemented a straightforward citizenship by investment (CBI) program that enables individuals and their families to acquire a Grenadian passport in exchange for an economic contribution.

In this guide, we’ll break down the Grenada citizenship by investment program, including the requirements, application process, and key benefits of obtaining a passport.

The Pathways to Citizenship by Investment in Grenada

Since the introduction of the Grenada Citizenship by Investment Act in 2013, the country has operated a mature CBI program that emphasizes a straightforward process, ease of access, and investor-friendly requirements. 

Currently, the program offers two qualifying investment routes:

1. National Transformation Fund (NTF) contribution
2. Real estate investment

National Transformation Fund (NTF) Contribution

If you wish to become a Grenadian citizen without having to commit to a real-estate purchase, you can do so by investing in the country’s NTF fund. This government-managed fund supports initiatives across key sectors, including infrastructure development, healthcare, and education.

To qualify for citizenship through this route, you must make a one-time, non-refundable contribution of at least USD 235,000 to the NTF. This amount typically covers the main applicant and up to three dependents. For any additional family members, you’ll have to pay an additional fee of:

• USD 25,000 for each additional child
• USD 50,000 for parents
• USD 75,000 for the applicant’s siblings

It’s important to note that you can’t make the NTF contribution directly. Instead, you should contact an Authorized Local Agent who will conduct the donation for you.

Real Estate Investment

The second and more popular CBI route is to invest in Grenadian real estate. At a minimum investment of USD 270,000 for joint ownership and USD 350,000 for single ownership, this is the more expensive path, but it also enables property ownership in the country from the start of your application process. 

Investments can only be made in government-approved projects chosen by the Citizenship by Investment Committee, which are listed on the Investment Migration Agency (IMA) Grenada website.

This option is particularly attractive to investors, since many of the approved projects are hospitality-oriented developments such as hotels, resorts, and villas. In addition to qualifying for citizenship, investors can benefit from potential rental income or property appreciation, depending on the project’s performance.

It’s also important to note that to maintain eligibility for this route, you must hold the property for at least five years before it can be resold. As with the NTF route, you must submit your application and make the qualifying purchase through a Local Authorized Agent. You may include up to three family members in your application.

Bonus read: If you’re interested in real estate investment opportunities in other countries, check out our guides on Latvia, Turkey, Mauritius, and Panama.

How To Get the Grenada Citizenship Through Investment

To get a Grenadian citizenship through the CBI program, you need to complete the following steps:

1. Choose an Authorized International Marketing Agent
2. Submit the required documentation
3. Undergo the due diligence check
4. Make the required donation

1. Choose an Authorized International Marketing Agent

Citizenship applications cannot be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC). Instead, you must choose an Authorized International Marketing Agent, who will serve as your liaison throughout the process.

Once you find an International Marketing Agent, they will contact an Authorized Local Agent, who will handle the application process with the CBIC. Advisory firms such as Nomad Capitalist can make the process smoother by handling inquiries and communications for you.

2. Submit the Required Documentation

Your Agent will assist you in preparing and submitting the required documents to the CBIC. In general, you will need to provide the following:

• Completed application forms
• Copy of a valid passport
• Copies of additional identification documents (e.g., national ID card)
• Copies of birth certificates for the main applicant and dependents
• Marriage certificate (if applicable)
• Professional or character reference letter
• Bank reference letter (issued within the last six months)
• Proof of source of funds
• Medical examination and test results

If you’re applying through the real estate investment path, you’ll also need to submit a sale and purchase agreement. All documents must be verified, legalized, and translated into English in accordance with the program’s requirements. Your Agent should guide you through the necessary notarisation, apostille, and translation procedures.

Once the documentation is prepared, the Agent will submit it to the CBIC. During this step, you’ll also need to pay several fees:

1. An application fee of USD 1,500 per person with the application
2. A processing fee of USD 1,500 per applicant over the age of 17, and 500 for persons under 17
3. A due diligence fee of USD 5,000 per applicant over the age of 17 (free for dependents under the age of 16)
4. An interview fee of USD 1000 per applicant over the age of 17

3. Undergo the Due Diligence Check

After submitting the documentation, you must undergo a due diligence check, which can be conducted by one of several bodies under the CBIC’s supervision. This thorough assessment verifies the accuracy of your submitted information and ensures your compliance with Grenada’s eligibility standards.

The due diligence check assesses both financial and personal criteria, including:

• A clear criminal record
• Whether the applicant poses a national security risk to Grenada or another country
• Whether the applicant has been refused a visa for a country that Grenadian citizens can enter visa-free, without subsequently obtaining one
• Health status, as verified through the submitted medical examination
• Financial history and statements
• Professional background

After submitting your documentation or during due diligence checks, you’ll also have to undergo a mandatory online interview. 

The CBIC reviews your submitted documentation during the check and then sends its recommendation to the Minister of Citizenship for the final decision. Once the Minister makes their decision, you will receive a letter from your Local Agent clarifying whether your request has been approved, delayed, or rejected.

4. Make the Required Donation

When your application is accepted, the CBIC will instruct you to either make the qualifying donation to the NTF or finalize your real estate purchase. If you’re pursuing the real estate route, you’ll also have to submit:

• Proof of completing your purchase
• Property title deed
• Proof of paying a share registration fee

The CBIC will then issue a certificate of registration, which establishes that you’ve received Grenadian citizenship. You can then use that certificate to apply for a Grenadian passport through your Authorized Local Agent. 

Keep reading: Explore how the CBI program works in other countries and learn their current statuses in our guides on Mauritius, Sierra Leone, São Tomé and Príncipe, Cambodia, Panama, Turkey, and Cyprus.

The Benefits of Grenadian Citizenship

Becoming a citizen of Grenada means that you get access to the numerous benefits provided to nationals, such as:

Benefit	Explanation
Visa-free travel	Grenadian passport holders enjoy visa-free and visa-on-arrival access to around 140–150 countries globally, including China, Singapore, and the Schengen Area
Minimal physical presence requirements	Applicants don’t have to meet any physical presence requirements to obtain citizenship. However, new regional regulations, expected to take effect by mid-2026, will likely introduce a mandatory 30-day residency requirement within the first five years
Economic opportunities	Grenadian citizens benefit from the country’s membership in the Caribbean Community and Common Market (CARICOM) and Organisation of Eastern Caribbean States (OECS), which support regional trade and economic cooperation between member states
Dual citizenship	Grenada allows dual citizenship, so you don’t need to renounce your original nationality to obtain a Grenadian passport, provided your home country also allows dual citizenship

In addition to these benefits, Grenadian citizenship offers an advantage that sets it apart from most other CBI programs—access to the U.S. E-2 Treaty Investor Visa.

What Is the E-2 Treaty Investor Visa?

Grenadian citizens are eligible for the E-2 Treaty Investor Visa, which allows them to live and work in the United States by investing in a U.S. business. The visa is available to nationals of countries that have signed the E-2 treaty with the U.S. It’s typically granted for up to two years per entry and can be renewed indefinitely, provided the investment and business remain active and meet the requirements. 

The visa is significantly quicker and more affordable to obtain than other U.S. investment visas, such as the L-1 and EB-5. While there’s no fixed amount, the minimum investment must be considered substantial relative to the type of business being established. Typically, successful applications involve an investment of at least USD 200,000.

Processing times vary by U.S. consulate, but are relatively quick, ranging from several weeks to a few months, depending on the individual circumstances.

The Tax Implications of Grenadian Citizenship

Grenada uses a territorial tax system for non-residents, meaning that you’re only liable for taxation on income you make within the country. Personal income tax is split into two tiers and charged progressively:

Monthly Income in East Caribbean Dollars (EC$)	Taxation Rate
0–24,000	0%
24,000+	28%

This also covers rental income, business profits, and interest (unless specifically exempt). However, Grenada doesn’t impose taxes on capital gains, wealth, or interest.

To be considered a tax resident in Grenada, you generally need to spend more than 183 days a year in the country within a tax year. Businesses may also be considered tax residents if they are incorporated in Grenada or managed and controlled from within the country.

Corporate taxation in Grenada depends on the company’s residency and the source of its income, with standard corporate tax rates applying. The country offers various incentives to foreign companies, including tax waivers and exemptions from import duties and withholding taxes.

Keep in mind that some countries, like the U.S., tax their citizens regardless of their tax residency. Grenada has double taxation agreements with several countries, including the UK and CARICOM member states, which may exempt you from paying taxes twice.

Are There Other Grenada Residency Options Available?

Besides the CBI program, Grenada offers several other options for individuals looking to relocate, work, or conduct business in the country. These include work permits, business visas, student visas, and short-term stay options.

To apply for any of these, you will generally need to submit standard documentation, such as a valid passport and photographs, along with any supporting documents relevant to your application type. Note that the business visa typically allows you only to enter Grenada and conduct short-term activities but does not permit employment in the country. 

Work permits allow foreign nationals to live and work in Grenada and are usually tied to a specific employer and job role. If employment changes, you may have to apply for a new work permit. Permits are generally issued for a fixed period and can be renewed by submitting an application three months before expiration.

Regardless of your chosen path, navigating Grenada’s legal landscape and strict requirements can be complex and time-consuming, and even small errors can cause delays and setbacks. Working with experienced professionals can help simplify the process and ensure everything is handled efficiently. To ensure a seamless process for obtaining Grenadian citizenship, partner with Nomad Capitalist.

Make the Grenada Citizenship Process Effortless With the Help of Nomad Capitalist

Nomad Capitalist is an advisory firm that has helped more than 1,500 high-net-worth individuals protect their assets, obtain second citizenship, and relocate to over 100 countries. We achieve this by focusing on your specific goals and needs and building a step-by-step strategy that helps you:

• Optimize your global tax liability
• Prevent double taxation
• Create an offshore tax plan that aligns with your goals

All of these services are included in our Action Plan—a personalized strategy designed around your specific circumstances, whether that includes pursuing citizenship or other types of residency.

To get started, you need to fill out a short online application form to help us determine whether we’re a good fit. Once you do, we will:

1. Schedule a one-on-one call to learn more about your needs and goals
2. Use the information to develop a personalized Action Plan
3. Present you with the Action Plan, then implement it over 12 months
4. Provide you with lifetime expert support, including implementing changes to your Plan and addressing any other concerns and questions

When you partner with Nomad Capitalist, you can enjoy continuous guidance and support from a team of over 75 professionals. We can take over the logistics, allowing you to focus on the more important and rewarding aspects of the relocation process. Make your journey to a Grenadian citizenship smooth and stress-free: get your Action Plan today.